Consumers Are Ready to Embrace ‘Futuristic’ Payment Tech

As many as 80 percent of U.S. residents support frictionless payment methods and technologies, suggests a survey of 1,000 consumers Viewpost published this week. Among its other findings:
Nearly 51 percent of survey participants were paid electronically through direct deposit, and
83 percent of respondents believed paper checks would be eliminated completely within the next 20 years.

As many as 80 percent of U.S. residents support frictionless payment methods and technologies, suggests a survey of 1,000 consumers Viewpost published this week. Among its other findings:
Nearly 51 percent of survey participants were paid electronically through direct deposit;
Eighty-three percent of respondents believed paper checks would be eliminated completely within the next 20 years, and one-third expected their demise in just five years; and only 11 percent thought companies would continue to use paper-based billing.